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AIG, U.S. Select 4 Banks for Share Sale

By

Serena Ng And

Randall Smith

Updated Jan. 19, 2011 12:01 a.m. ET

American International Group Inc. and the U.S. Treasury have chosen four Wall Street banks to jointly lead their first large offering of AIG shares in the coming months for a cut-rate fee, according to people familiar with the matter.

J.P. Morgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp. and Deutsche Bank AG were picked from a pool of 10 banks that last week pitched for lead roles in the historic share sale,...